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Data provider negotiating with building owners.

Telkonet, Inc., the leader in providing in-building broadband access over existing electrical wiring, announced the formation of Telkonet Energy Services (TES), a new division that will focus on providing energy data, energy management and energy market participation to residential and commercial properties nationwide.

The installation of the proven Telkonet iWire System energizes the electrical infrastructure of residential and commercial buildings, creating a fully responsive data network. This network is then used to acquire energy information and control components of the HVAC system within the building, such as boilers, air conditioners, fans, pumps and thermostats.

The company is currently negotiating to provide these services to several high-profile building owners in New York City, Chicago and Miami.

This division will operate within Telkonet's subsidiary, Microwave Satellite Technologies, Inc. (MST) of Hawthorne, New Jersey and will use a combination of advanced data technologies to acquire and display energy use and pricing information.

"With a simple installation, building owners and managers can now monitor, control and adjust energy usage and needs throughout a building using the same Telkonet iWire System that is currently being used to deliver high-speed Internet and VoIP services in MDU's and hotels throughout the country," said Frank Matarazzo, president of MST.

"Telkonet Energy Services takes advantage of the inherent benefits of the existing Telkonet product line in providing the perfect solution to the increasingly important need to manage and control energy usage.

"Building owners, managers and residents will be able to access energy information from any electrical outlet, or even from a remote location.

The TES includes installation of equipment that can facilitate participation in Demand Response programs.

Also included in TES are systems to comprehensively combine information from photovoltaic (solar power) systems, sub-metering systems that monitor electrical use in individual apartments, existing energy management systems, and emergency generators.

The Telkonet iWire System also creates a local area network within the building that can be accessed remotely via web portals by building owners and managers to monitor energy use in real time, allowing them to Control usage in either specific areas of buildings, throughout the building, or even groups of buildings.
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Title Annotation:Property Management
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jun 7, 2006
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